{"product_id":"architects-of-electronic-trading-isbn-9781118488072","title":"Architects of Electronic Trading","description":"\u003cb\u003eInsights that can help you improve your technology edge\u003c\/b\u003e  \u003cp\u003eFeaturing contributions from technology visionaries at leading alternative investors, hedge funds, trading firms, exchanges, and vendors, this book covers current trends in trading technology. The book features interviews with the leaders responsible for the technology that is shaping today's electronic financial markets. You'll hear the views of CIOs, CTOs, and other technology leaders on emerging technologies, innovation in the financial sector, and how technology is enhancing markets in ways other than just speed. Their perspectives on harnessing technology to enhance computing power, reduce time to market, bolster risk management, and much more offer valuable lessons for readers.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eIncludes a wealth of practical insights on how to improve your technology edge\u003c\/li\u003e \u003cli\u003eFeatures interviews with leading technology professionals in the financial industry across an array of asset classes and markets\u003c\/li\u003e \u003cli\u003eServes as a topical guide to the latest developments, enhancements and applications of technology to tackle trading and risk management challenges\u003c\/li\u003e \u003cli\u003eIncludes insights from top technology professionals on evaluating and adopting technology solutions\u003c\/li\u003e \u003cli\u003eLooks at the effects of technology on finance professionals and their businesses as well as the global finance industry generally\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eForeword vii\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eAbout the Author xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Meet the Architects Agents of Change 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Business Challenges Driving New Technology 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Laying a Strong Foundation with Transformational Technology 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSuhit Gupta, Technology Consultant 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Hardware Acceleration with FPGAs 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJan-Dirk Lueders, CMT, Capital Markets Trading, and Robert Walker, xCelor 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 GPUs Affordable Desktop Supercomputing 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGerald Hanweck, Jr., PhD: Hanweck Associates 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Microwaves in Trading Conquering Resistance 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMike Persico, CEO and Founder, Anova Technologies 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Cloud Computing Moving toward Acceptance 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKen Barnes, Options IT 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Globalization and Automation Unfinished Business 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJustin Llewellyn-Jones, Fidessa Corporation 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Room for Improvement in Risk Control 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMark Gorton, Tower Research Capital 81\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Trading Systems Dealing with Velocity 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKevin Kometer, David Hoag, and Ian Wall, CME Group 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Technology and Alternatives Benefits of Better Data 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWilliam Murphy, The Blackstone Group 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Data Centers Harnessing Networks 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJohn Knuff, Equinix 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Evolution The New Revolution in Trading Systems Design 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJürg Spillmann and Wolfgang Eholzer, Eurex Exchange 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 FIX The Power of Standardization 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eW. Brennan Carley, Thomson Reuters 132\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Big Data, Big Opportunities 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDavid Siegel, Alan Choyna, and Clara Bonaccorsi, Bottom Line Metrics 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Social Media in Trading Making Sense of It 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJoe Gits, Social Market Analytics 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 The View from Emerging Markets, China 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMing Hua, Southwest Securities Company 168\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Special Focus The Shortage of IT Talent 177\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDaryan Dehghanpisheh, NYSE Technologies 178\u003c\/p\u003e \u003cp\u003eConclusion A Call for Continued Education 187\u003c\/p\u003e \u003cp\u003eIndex 189\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSTEPHANIE HAMMER\u003c\/b\u003e is a professional marketer and freelance writer. She has fifteen years of experience in the listed derivatives markets including time as a trader at a proprietary trading firm. She began her career at Eurex Exchange and also served as head of communications for the exchange in Frankfurt, Germany. Stephanie holds a bachelor’s degree from Bryn Mawr College and a master’s degree in international relations from the London School of Economics and Political Science. She is fluent in both Spanish and German. Stephanie lives in Chicago with her husband and two daughters.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eArchitects of Electronic Trading\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Within the financial industry, it is rare to encounter a work about innovation that is not focused on mathematical models or regulation-driven market structure changes. \u003ci\u003eArchitects of Electronic Trading\u003c\/i\u003e is a refreshing standout, focusing on the rapid technological innovation driven by a niche sector of the financial industry. Ms. Hammer strikes a balance of introducing complex technical concepts to the layperson, while discussing cutting-edge topics of interest to practitioners. Her work aptly captures the inspirational excitement and optimism of these little known innovators and entrepreneurs.\"\u003cbr\u003e —\u003cb\u003eJennifer Wilson\u003c\/b\u003e, Partner, DRW Trading Group\u003c\/p\u003e \u003cp\u003e\"Technology in electronic trading is much more than just squeezing out the last microseconds of latency. This book gives a broad overview of many other important uses of technology such as risk control, data quality, and automation, focusing on key people and how they see their challenges. This novel approach makes it a very interesting view into the modern landscape of electronic trading.\"\u003cbr\u003e —\u003cb\u003eRobert Almgren\u003c\/b\u003e, PhD, President and cofounder, Quantitative Brokers\u003c\/p\u003e \u003cp\u003e\"The industrialization of financial services in general, and trading in particular, did not change much from the seasonal fairs and markets of the middle ages through the 20th century. The great leap was the coming of the digital age that allowed for straight-through processes, scalability and analysis of large amounts of data, and complex parametrics in real time. This book is a comprehensive survey of the motivations, expectations, risks, and successes of the architects in their harnessing the potential of these new technologies. For those looking to the future, \u003ci\u003eArchitects of Electronic Trading\u003c\/i\u003e provides ample food for thought directly from the true architects themselves.\"\u003cbr\u003e —\u003cb\u003eRichard Heckinger\u003c\/b\u003e, Vice President and Senior Policy Advisor, Financial Markets Group, Federal Reserve Bank of Chicago\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eArchitects of Electronic Trading\u003c\/i\u003e is a valuable resource for anyone who wants to understand what is shaping the financial industry now and which technology is likely to play a role in the future. This book comprises a series of well-presented interviews with experts, whose lucid views provide fascinating insight on a technology-dependent industry that is changing rapidly.\"\u003cbr\u003e —\u003cb\u003eAdam Cox\u003c\/b\u003e, Editor-in-Chief, \u003ci\u003eAutomated Trader\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"Technology is central to today's financial markets, and all areas of the business stand to benefit from this comprehensive presentation of the key technology trends in our industry. Stephanie Hammer's work is unique in that it covers a broad range of innovative applications of technology that normally aren't publicly discussed. By choosing a broad approach rather than a specific area of focus, she succeeds in giving readers a useful 'big picture' perspective.\"\u003cbr\u003e —\u003cb\u003eVassilis Vergotis\u003c\/b\u003e, Executive Vice President, Eurex\u003c\/p\u003e \u003cp\u003e\"Anthologies about trading have always disappointed me by either being ego-driven 'aren't I wonderful' pieces or an 'alchemist's guide' to markets for the reader who wants to know the secrets of trading. Stephanie has written a book that actually engages the reader in close reading and thoughtful introspection.\"\u003cbr\u003e —\u003cb\u003eLarry Schulman\u003c\/b\u003e, CEO, Cheiron Trading LLC\u003c\/p\u003e \u003cp\u003e\"Stephanie has done a tremendous job in giving the reader an invaluable insight into the minds that have reshaped the trading industry with their innovation, technology, and vision. This book takes on some complex topics and succeeds in making them understandable for all in the markets. I learned a lot.\"\u003cbr\u003e —\u003cb\u003eMohan Virdee\u003c\/b\u003e, CEO and founder, Markets Media\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988758970597,"sku":"NP9781118488072","price":75.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118488072.jpg?v=1761781479","url":"https:\/\/k12savings.com\/es\/products\/architects-of-electronic-trading-isbn-9781118488072","provider":"K12savings","version":"1.0","type":"link"}